Luke Anthony Norman Purchases 5,000 Shares of U.S. Gold Corp. (NASDAQ:USAU) Stock

U.S. Gold Corp. (NASDAQ:USAU) Director Luke Anthony Norman bought 5,000 shares of the firm’s stock in a transaction on Monday, April 15th. The shares were bought at an average price of $4.19 per share, with a total value of $20,950.00. Following the completion of the purchase, the director now owns 348,980 shares in the company, valued at approximately $1,462,226.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

U.S. Gold Trading Up 3.6 %

Shares of USAU opened at $4.08 on Friday. The firm has a market cap of $38.07 million, a PE ratio of -5.59 and a beta of 1.30. U.S. Gold Corp. has a 1-year low of $2.92 and a 1-year high of $5.21. The firm has a fifty day simple moving average of $3.72 and a two-hundred day simple moving average of $3.62.

U.S. Gold (NASDAQ:USAU) last posted its quarterly earnings data on Monday, March 18th. The technology company reported ($0.18) EPS for the quarter. As a group, research analysts forecast that U.S. Gold Corp. will post -1.2 EPS for the current fiscal year.

Institutional Investors Weigh In On U.S. Gold

Several hedge funds and other institutional investors have recently modified their holdings of USAU. Virtu Financial LLC purchased a new stake in shares of U.S. Gold in the 1st quarter worth $172,000. National Bank of Canada FI purchased a new stake in shares of U.S. Gold in the 4th quarter worth $90,000. Renaissance Technologies LLC purchased a new stake in shares of U.S. Gold in the 4th quarter worth $72,000. Citadel Advisors LLC purchased a new stake in U.S. Gold in the 3rd quarter worth $57,000. Finally, State Street Corp increased its stake in U.S. Gold by 72.2% in the 1st quarter. State Street Corp now owns 22,900 shares of the technology company’s stock worth $160,000 after buying an additional 9,600 shares in the last quarter. 6.64% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, HC Wainwright reiterated a “buy” rating and set a $11.00 target price on shares of U.S. Gold in a research note on Friday, March 1st.

About U.S. Gold

U.S. Gold Corp. engages in the exploration and development of gold and precious metals in the United States. It also explores for copper and silver deposits. The company holds 100% interests in the CK Gold project, which consists of various mining leases and other mineral rights covering approximately 1,120 acres in Laramie County, Wyoming; the Keystone project that consists of 601 unpatented lode mining claims covering approximately 20 square miles in Eureka County, Nevada; and the Challis Gold project, which consists of 77 unpatented lode mining claims covering approximately 1,710 acres in Lemhi County, Idaho.